Dr. Dre to Sell Catalog Assets in Record-Breaking Deal

Hip-hop mogul and music producer Dr. Dre is reportedly set to sell off his catalog assets in a deal worth more than $200 million, according to multiple sources close to the negotiations. The news of the deal was first reported by Bloomberg, which cited anonymous sources familiar with the matter. According to Bloomberg, the sale will include master recordings from some of Dre’s most popular albums, including “The Chronic” and “2001” as well as unreleased music from artists he has worked with over the years such as Eminem and Snoop Dogg. The sale would be one of the largest ever for a hip-hop artist's catalog assets and could potentially make Dre one of the wealthiest musicians in history. It would also mark a major shift for an artist who has long held onto his own material rather than selling it off to other labels or streaming services. In addition to being a successful producer and rapper, Dre is also known for his business acumen, having co-founded Beats Electronics in 2008 with Jimmy Iovine before selling it off to Apple for $3 billion four years later. He also recently launched a new venture capital fund called The Pharmacy with Iovine that focuses on investing in early stage technology companies. Though details of who exactly is buying Dre's catalog are still unclear at this time, many industry insiders are speculating that Apple may be involved given their previous relationship with him through Beats Electronics and their recent purchase of Jay Z's Tidal streaming service earlier this year for an estimated $400 million dollars.